HARMAN INTERNATIONAL INDUSTRIES INC /DE/

CIK 0000800459

Analytics Research this company

Financial snapshot

Revenue

Net income

Operating margin

Free cash flow

Total debt

Cash

Research

Filings

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Analytical signals

How signals work →

Calculations over this company’s filings, each compared with a stated threshold. They indicate where to read more closely; they are analytical evidence, not conclusions, and none implies wrongdoing.

Pension funding

P-07 · Calculated

Threshold met

FY 2016-06-30

The funded ratio of defined-benefit plans against shareholder equity.

DB plan 1% funded — -$226M deficit (9% of equity)

Trend: flat

P-07 inputs
Input	Value
model score (0–100)	79.2
benefit_obligation	229480000
plan_assets	3286000
funded_ratio	0.0143
deficit	-226194000
deficit_vs_equity	0.0922
thresholds.elevated	<90% funded
thresholds.triggered	<80% funded or deficit >25% of equity
stale	false
latest_filing_period	2016-06-30

Trend

10-K· 2016-08-11 Methodology

Restatement indicators

P-12 · Calculated

Elevated

FY 2016-06-30

How closely reported accruals and financing patterns resemble those of companies that later restated.

F-Score 1.46 is above the 1.0 reference level (the model's unconditional rate)

Trend: flat

P-12 inputs
Input	Value
model score (0–100)	48.7
f_score	1.461
probability	0.00541
components.rsst	null
components.drec	0.0166
components.dinv	0.0021
components.soft	0.8025
components.dcs	0.1068
components.droa	0.0013
components.issue	1
model	Dechow et al. 2011, Model 1 (simplified RSST)
thresholds.elevated	1
thresholds.triggered	1.85
stale	false
latest_filing_period	2016-06-30

Trend

10-K· 2016-08-11 Methodology

Earnings quality

P-01 · Calculated

Below threshold

FY 2016-06-30

Beneish M-Score -2.42 is below the reference levels used here

Trend: flat

How reported earnings relate to accruals and to changes in receivables, margins and asset quality.

P-01 inputs
Input	Value
model score (0–100)	31.0
m_score	-2.415
threshold	-1.78
ratios.DSRI	0.976
ratios.GMI	0.975
ratios.AQI	0.991
ratios.SGI	1.123
ratios.DEPI	0.856
ratios.SGAI	1
ratios.LVGI	0.968
ratios.TATA	0
defaulted_to_neutral	TATA
sloan_accruals	null
inputs.revenue_t	6911676000
inputs.revenue_t1	6155297000
inputs.total_assets_t	6054042000
inputs.net_income_t	361734000
inputs.cfo_t	null
stale	false
latest_filing_period	2016-06-30

Trend

10-K· 2016-08-11 Methodology

Effective tax rate

P-05 · Calculated

Below threshold

FY 2016-06-30

ETR 31.7% — within normal range of statutory

Trend: flat

The gap between the effective and the statutory tax rate, and whether it persists across three years.

P-05 inputs
Input	Value
model score (0–100)	0.0
etr_by_year.2016-06-30	0.3168
etr_by_year.2015-06-30	0.2314
etr_by_year.2014-06-30	0.2362
statutory_rate	0.21
gap_by_year.2016-06-30	-0.1068
gap_by_year.2015-06-30	-0.0214
gap_by_year.2014-06-30	-0.0262
note	Low ETR can be fully legitimate; this flags persistence + magnitude for review.
stale	false
latest_filing_period	2016-06-30

Trend

10-K· 2016-08-11 Methodology

Interest coverage

P-13 · Calculated

Below threshold

FY 2016-06-30

Interest coverage 15.68x, at or above 1.0x

Trend: flat

Whether operating earnings cover interest expense, and for how many consecutive years they did not.

P-13 inputs
Input	Value
model score (0–100)	0.0
icr_by_year.2016-06-30	15.676
icr_by_year.2015-06-30	29.167
icr_by_year.2014-06-30	32.646
icr_by_year.2013-06-30	15.64
consecutive_years_below_1	0
altman_z_double_prime	3.877
definitions.zombie	ICR<1 for 3+ consecutive FYs (BIS 2018)
definitions.z_distress	<1.1 distress, 1.1-2.6 gray, >2.6 safe
inputs.ebit_t	580027000
inputs.interest_expense_t	37000000
stale	false
latest_filing_period	2016-06-30

Trend

10-K· 2016-08-11 Methodology

No stored result for Subsidiary jurisdictions, ESG disclosure support, Insider filing timing, Language change, Strategic-review language, Carbon-exposed assets. Some signals are computed on request, and others need inputs this company’s filings do not tag; a missing result is not a finding either way.

Methodology and sources

Financial figures come from SEC XBRL company facts (annual reports). Choose any evidence marker to see the filing behind a value.
Filing text comes from SEC EDGAR. Browse this company on EDGAR ↗
Signals are calculated by Stratum from those filings. Some use AI to read filing text, and every AI claim must quote the document verbatim or it is discarded. Full methodology

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